SELL OIL

1- it broke the ascending trend line
2- trading under MA 100
3- strong negative volume
4- OPEC wont reach a deal at the end of the month as Iran is increasing its oil output
5- Trump promised that US will not need to import oil and it will increase its output
6- OPEC output registered its highest record in October
7- global glut and weak demand specially from china will add more pressure on prices
8- US Drills numbers are increasing
9- Strong dollar
10- long term target will be thirties

I agree in common. You are right, also if you check commitment of traders data, managed money started to close their long futures positions, but short positions remain low ( stated on the last cot report) and I think they started to increase short positions last week, so if there is going to be a spike in managed money shorts next weeks the price can fall to 35 USD per barrel, before 30th November and then the meeting in Austria will decide if the price will spike.